President Asif Ali Zardari vows to strengthen parliament

President Asif Ali Zardari has said that the PPP-led coalition government had laid foundations for democracy in the last five years, pledging to further strengthen the parliament.

Addressing to the office-bearers of the Youth Presidents Organization (YPO) and World President Organization (WPO), he said that an elected government would completes its tenure for the first time in history.

He noted, “Nations are not built in five years as it is a long and continuous process, and the government despite all the challenges has been able to make the parliament and other institutions supreme.”

Urging the international community for utilizing the great economic potential and strategic location of the country, he said that such steps will help in bringing prosperity.

In his view, the Special Economic Zone Bill‚ 2012 was a gigantic step of the government to create business and investors friendly environment.

He hoped that the new law will help in reducing the cost of doing business‚ enhance the rate of return to investors besides increasing exports and creating employment opportunities in the country.

He observed, “Under the new law all capital goods‚ machinery and equipment will be given one time exemption from customs duties and the entrepreneurs will also be exempted from Income Tax for ten years.”

He further stated that the incentives granted to investors will be protected by Law‚ which will help ensure continuity of economic policies and further strengthening the industrial base of the country.

President Zardari urged the Young Presidents Organization and the World Presidents Organization to take advantage of the new law as well as other incentives‚ the government was extending to investors and entrepreneurs.

The President said that education is critical to human development‚ adding that Indeed it is education and innovation that makes advancement possible.

He said that the pyramid of knowledge was not built in a day rather it was built brick by brick by mankind over centuries in the past.

The President said that we must not seek to re-invent the wheel‚ Instead we should build on the experience of those who first invented the wheel and noted that this principle also applies to the world of business and commerce.

Short URL: https://www.newspakistan.pk/?p=33823

Posted by Faisal Farooq on Oct 9 2012. Filed under Latest News, National, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.